by Christopher Nye | Jun 23, 2020
Sterling strengthened marginally yesterday, by around a third of a cent against the euro but rather more than a cent against the US dollar. The new low in Covid cases may have been a factor, but the lack of Brexit news – which has mainly been negative recently – was...
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by Christopher Nye | Jun 23, 2020
It’s widely expected that the Prime Minister will announce today that the UK’s lockdown will ease further, with the current two-metre rule potentially to be reduced from 4 July. That will enable pubs and cafes to open in some format (various steps are being mooted,...
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by Christopher Nye | Jun 22, 2020
The pound ended last week at its weakest against the euro since late March. It’s hard to see much prospect of sterling strengthening in the week ahead either. Even ‘non-essential’ shops were able to open this weekend. It was a pretty painful...
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by Christopher Nye | Jun 22, 2020
The pound ended Friday on a weaker note as it continued to process the Bank of England’s decision on interest rates. The Bank’s Monetary Policy Committee decided to boost its quantitative easing programme to help the economy through the coronavirus crisis, but...
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by Christopher Nye | Jun 22, 2020
The euro briefly rose against the dollar on Friday as the European Council Summit got underway. Leaders of EU member states met virtually Friday to find a compromise on how a coronavirus rescue package should be managed. The single currency didn’t retain its strength...
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